Posts By: Russ Cope

What is the Automatic Stay? What is the Penalty for Creditors Who Violate It?

Automatic Stay in Bankruptcy

Last updated Aug. 31, 2017. Bankruptcy is designed to help you get back on sound financial footing. That can’t happen if you still have to worry about creditors garnishing your wages or foreclosing on your home. So, bankruptcy comes with some serious protection against creditors trying to collect. The automatic stay is the most important… Read more »

Can a Creditor Contact Me After I Hire a Lawyer?

Debt Collector Attorney OH

Last updated Sept. 26, 2017. First, let’s make a distinction between creditors and debt collectors, because they have to follow different rules under different laws. Your creditor is the person or party to whom you owe the debt. It’s most often a bank, a credit card company, or a medical service provider. When creditors can’t… Read more »

Ohio’s Homestead Exemption Protects Your House in Bankruptcy

Ohio Homestead Protection

Last updated Jan. 30, 2018. Historically, a creditor could take everything you owned in payment of your debt. In the Middle Ages and before, creditors could even take possession of the children of a debtor or the debtor himself if he couldn’t pay. Today, debt slavery is forbidden by law (not to mention all moral… Read more »